Austria is one of Europe’s wealthiest countries, offering a very high quality of life to its people. With awe-inspiring natural attractions and a well-developed and stable economy, Austria makes for an outstanding place of residence.
Austria is an outstanding place to take up residence. For German-speaking persons of independent means (who cannot take up gainful employment in the country), the Austria golden visa offers the opportunity to become resident in an EU member state and gain visa-free access to Europe’s Schengen Area through certain strict requirements.
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Minimum EUR 40,000 liquid funds, German language skills, permanent accommodation, and private healthcare insurance
One–three months from submission of the application to approval
Freedom of travel to Austria, the rest of the EU, and Europe’s Schengen Area
An Austrian residence permit allows you to travel to all Europe’s Schengen Area states without a visa. A residence permit is initially issued for one year and can then be renewed without problems or interruptions. After 10 years of legal residence, and in certain circumstances after six years, it is possible to apply for Austrian citizenship.
Only a select number of applicants will be chosen, due to the strict annual quota of around 300 individuals in place. To acquire residence under the Austria Private Residence Program, applicants must fulfil all the following requirements. They must:
Applicants are also required to:
In the course of the application process, applicants must personally submit mandatory documentation to the Austrian consular or diplomatic representation in their current country of residence. Due to the strict quota constraints for some residence permits, timing of the submission of the application is of prime importance. Once the permit is granted, the applicant must pick up a special visa at the Austrian embassy, which allows the applicant to travel to Austria to collect the residence permit at the relevant authority.
There is a minimum processing period of one month, but applications usually take three months to be approved. Once the residence permit is issued, it must be collected in person from the issuing authority in Austria. In addition, all non-EU and non-EFTA citizens must sign an integration agreement if they will be residing in Austria for more than 24 months. The residence and settlement permits are issued in the form of a card and can be renewed each year.
The Austrian residence by investment program allows investors and their families to obtain residence in Austria by making substantial contributions to the country's economy.
Investment options include significant contributions to the Austrian economy through business investments, government bonds, or other approved financial instruments.
Benefits include the right to live, work, and study in Austria and other EU countries, visa-free travel within the Schengen Area, and access to high-quality healthcare and education.
Chosen applicants must have a minimum balance of EUR 40,000 in a personal bank account (exact amount depends on family size).
The processing time can vary but generally takes between one to three months.
Yes, the main applicant can include their spouse, dependent children, and dependent parents in the application.
There are no specific residence requirements, but applicants may need to demonstrate a connection to Austria and spend some time in the country.
Required documents typically include a valid passport, proof of investment, health insurance, a clean criminal record, and other supporting documents.
Yes, after maintaining residence for a certain number of years, typically ten, investors may be eligible to apply for Austrian citizenship.
Applicants must choose a qualifying investment, submit the application along with the necessary documents, and undergo a due diligence process.
Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you.
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